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HEADER - THE GOVERNMENT SHOULD INVOLVE STAKEHOLDERS IN DISCUSSIONS IN WHICH AFFECT THEM

UK's pursuit of market control intensifies & 🚨UK Economic Secretary Bim Afolami (currently under investigation over payments for chairing a pressure group that lobbied UK PM Rishi Sunak) responds to our letter.

And here we go, ready to deep dive into Part 2. Big shout out to u/Nisja who reached out to their MP to source this response - you're a legend 🙏 Heroic investors across the UK have been reaching out to their local representatives to ask how shareholders
kibblepigeon 💡 Education
The Bank Term Funding Program (BTFP) is experiencing its own MOASS!

Catching up: BTFP usage explodes & program end date announced, credit card debt jumps 17.7% in November, $28 million to whistleblowers, Uyeda new term, Korea punishes illegal short selling, GameStop NFT Project update, and much more!

Hello and Happy New Year, I hope you and yours had a happy, safe, and healthy holiday season! For me, I was able to go away on holiday for the first time in half a decade plus and it was fantastic--great to be able to unplug and recharge in warmth
dismal-jellyfish 🗣 Discussion / Question
Deutsche refuses to pay maturity presentments for this issuer’s institutional certificate of deposit.

DTC received notification from Deutsche Bank Trust Company America, the MMI issuing/paying agent for OVERSEA-CHINESE BANKIN (OVR*), Deutsche refuses to pay maturity presentments for this issuer’s institutional certificate of deposit.

* Certificates of Deposit (CDs) are time-bound deposit accounts held at banks that typically offer a fixed interest rate in return for keeping the money deposited for a set period. * Deutsche Bank Trust Company America is acting as an MMI (Money Market Instrument) issuing/paying agent. * As a paying agent, it
dismal-jellyfish 📰 News
FDIC held a CLOSED meeting at 3:12 pm yesterday to consider resolution activities.

New bank failure incoming? FDIC held a CLOSED meeting at 3:12 pm yesterday to consider matters related to the Corporation’s supervision, corporate, and resolution activities.

Back in July a similar meeting was held before it was announced Heartland Tri-State Bank of Elkhart, Kansas, was closed. Things that make you go hmmm... TLDRS: * FDIC held a CLOSED meeting yesterday about resolution matters that the public interest did not require consideration of the matters in a meeting
dismal-jellyfish 🗣 Discussion / Question
NAPFM, MFA, and AIMA Challenge SEC Securities Lending and Short Position Reporting Rules

NAPFM, MFA, and AIMA sue to challenge the SEC's Securities Lending and Short Position Reporting Rules by filing lawsuit asking the U.S. Court of Appeals for the Fifth Circuit to invalidate and toss out the rules. Industry is big mad!

Wut Mean?: * The National Association of Private Fund Managers (NAPFM), Alternative Investment Management Association (AIMA), and Managed Funds Association (MFA) filed a lawsuit asking the U.S. Court of Appeals for the Fifth Circuit to invalidate the two rules recently adopted by the Securities and Exchange Commission (SEC) requiring reporting
dismal-jellyfish 📰 News
Dropping Like a Stone: ON RRP Take-up in the Second Half of 2023

Dropping Like a Stone: ON RRP Take-up in the Second Half of 2023. Liberty Street Economics interpret the recent drop in ON RRP take-up through the lens of the channels identified in the recent staff report driving its initial increase.

Source: Gara Afonso, Marco Cipriani, and Gabriele La Spada, “Dropping Like a Stone: ON RRP Take-up in the Second Half of 2023,” Federal Reserve Bank of New York Liberty Street Economics, December 19, 2023, https://libertystreeteconomics.newyorkfed.org/2023/12/dropping-like-a-stone-on-rrp-take-up-in-the-second-half-of-2023/. Background: Liberty Street has a paper Treasury Bill Supply
dismal-jellyfish 💡 Education